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Updated: 4 min 38 sec ago

Sirius unaffected by liquidity problems at parent CMIG: AM Best

18 February, 2019 - 14:51
AM Best has determined that Sirius is sufficiently independent of parent company China Minsheng Investment Group (CMIG) to be unaffected by reported liquidity issues at the Chinese company.

AM Best downgrades Allied World’s ICR ratings as casualty profits dip

18 February, 2019 - 14:47
Rating agency AM Best has downgraded the Long-Term Issuer Credit Ratings (ICR) of Allied World Assurance Company (Bermuda) and its operating affiliates to ‘a’ from ‘a+’.

Munich Re completes longevity swap with Lafarge UK Pension Plan

18 February, 2019 - 14:24
Munich Re, the biggest reinsurer in the world, has completed a longevity swap with the Lafarge UK Pension Plan, which provides the plan with protection against the risks of participants living longer than expected.

SCOR partners with wearable tech provider to improve underwriting

18 February, 2019 - 13:16
SCOR Global Life, the international life and health subsidiary of French reinsurer SCOR, has partnered with wearable technology provider Garmin Health to improve its underwriting.

Ryan Specialty snaps up US wholesale broker Myron Steves

18 February, 2019 - 11:04
Chicago-based Ryan Specialty Group (RSG) is acquiring the assets and operations of Texas-based Myron Steves & Company, an independently owned wholesale insurance brokerage.

Swiss Re completes Sfr1bn share buy-back programme

18 February, 2019 - 10:40
Swiss Re has completed its Sfr1 billion (£771 million) public share buy-back programme, which it launched in March 2018 as a way to return excess capital to shareholders.

POP strikes M&A deal with Japanese insurer Rakuten to target Asia Pacific

18 February, 2019 - 10:31
Australia-based specialist insurer POP Insurance Holdings has launched a strategic partnership with Japanese property/casualty insurer Rakuten General Insurance.

Charles Taylor opens Belgium office, targets growth in Europe

18 February, 2019 - 10:30
International loss adjuster Charles Taylor Adjusting (CTA) has opened a new office in Belgium to expand its property/casualty offering in Europe.

Apollo appoints Cloutier as Aspen CEO, reshuffles board as it closes $2.6bn acquisition

18 February, 2019 - 10:29
Alternative investment manager Apollo has unveiled Mark Cloutier as the new executive chairman and group chief executive officer of Aspen and made other leadership changes.

UK government invests £13M in 40 AI and data analytics projects

18 February, 2019 - 10:22
The UK government will invest some £13 million in 40 projects involving artificial intelligence (AI) and data analytics in an attempt to boost the UK accountancy, insurance and legal services industries.

UK insurtech investment jumps to $1bn in 2018, declines globally

18 February, 2019 - 10:19
Insurtech investments in the UK jumped nearly 20 percent in 2018 whilst the overall global investment levels declined year-on-year by almost half, according to a KPMG report.

Enstar finalises reinsurance-to-close transaction with AmTrust at Lloyd's

18 February, 2019 - 10:04
Bermuda-based insurance group Enstar's Lloyd’s managing agency has completed four reinsurance-to-close transactions with AmTrust Syndicates.

Aon: cyber threat to rise in 2019 as 5G and internet of things grow

18 February, 2019 - 09:45
The growth of the ‘internet of things’ (IoT) and the rollout of 5G will make businesses more vulnerable to cyber attacks this year, Aon has warned in its 2019 Cyber Security Risk Report: "What's Now and What's Next".

Brit’s Wilson sees firm enter 2019 with ‘premium rates trending upwards’

15 February, 2019 - 11:21
Specialty re/insurer Brit has reported healthy upward trend in gross premiums as it heads in to 2019, Matthew Wilson, group chief executive officer, said in the company's 2018 results.

Allianz posts record €11.5bn operating profit despite "strong market volatility"

15 February, 2019 - 11:09
German insurance giant Allianz posted a record operating performance in 2018, reaching the upper end of its target. It also expects to generate a larger profit in 2019, provided there are no unforeseen performance interruptions.

Insurtech C-Quence hires from Chubb and AIG to grow commercial lines

15 February, 2019 - 10:02
C-Quence, a new insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform, has strengthened its underwriting team with senior hires from Chubb and AIG.

Miller swoops on Gallagher broker to expand specialty business in Asia

15 February, 2019 - 10:02
Re/insurance broker Miller has hired property broker Amanda Lee to further strengthen its specialty business in Asia.

NN Group supervisory board chair Jan Holsboer to step down

15 February, 2019 - 09:58
Dutch insurer NN Group has elected David Cole to succeed Jan Holsboer as the chairman of its supervisory board following its annual general meeting later this year in May.

Aon reveals traits allowing Florida specialist insurers to thrive

14 February, 2019 - 16:27
Aon has outlined the three characteristics that enable specialist insurers to “thrive, sometimes profitably, in one of the toughest property insurance markets” in Florida in the US, in a report out today (Thursday 14 February).

Lancashire back in black despite heavy Q4 losses

14 February, 2019 - 16:04
Lancashire Holdings sustained heavy losses in the fourth quarter but returned to profit in 2018 and improved its combined ratio.

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